Original | Odaily Planet Daily (@OdailyChina)
Author | Wenser (@wenser 2010 )
The crypto market has rebounded against the trend, and the MEME coin craze is still ongoing.
Under the impact of a series of MEME coin projects with significant wealth-creating effects, countless crypto players are rushing into the "PVP battle", and various MEME coin projects with different Tickers and symbols are spreading to a wider range of the market in an increasingly "abstract" and "cult" atmosphere - this has not only spawned a large number of "shill" by crypto KOLs, but also refocused market attention on the latest developments of various MEME coin projects, especially the "dump and donate to charity" behavior of Ethereum co-founder Vitalik, which to some extent has also added fuel to the "MEME coin fever".
Odaily Planet Daily will summarize and sort out some representative views in this article for readers' reference.
Vitalik: "Thank you MEME coins for giving me the opportunity to do charity"
On October 7, Ethereum co-founder Vitalik Buterin posted that "I am very grateful to those MEME coin projects that have directly donated part of their token supply to charitable organizations. (For example, I saw that Ebull donated a large amount of tokens to multiple charities last month.)
Any tokens sent to me will also be donated to charity (thank you Moodeng Hippo MEME coin project, the 10 billion tokens I received today will be donated to technology to prevent airborne diseases), but I would prefer to directly donate the tokens to charity, perhaps even set up a DAO to let the community directly participate in decision-making and processes.
I've mentioned before that I think the best outcome for MEME coins is that they can maximize the positive impact they bring to the world, so it's really great to see this happening."
And in the comments, someone asked, "When will you post an 'Ethereum bull market' post?", and Vitalik also very graciously "played along" and posted the previous "shill ETH" meme image again: Ethereum is good.
Vitalik's comment area reply image
VanEck Investment Manager: "MEME coins are worth learning from for crypto projects"
On October 8, VanEck portfolio manager Pranav Kanade posted that there are four key aspects of MEME coins that crypto teams should learn from:
1. Simplicity: Many teams have over-designed their tokens, without realizing that:
-Time + capital + attention = scarcity;
-About 600,000 tokens were issued last year;
-The competition for the above scarce resources has intensified due to the ease of token issuance.
Instead, they should focus on:
Simple token design;
Clear vision;
Demonstrate how the execution of the vision will create wealth for token holders;
2. High liquidity, low FDV (low entry valuation);
3. Founder/team alignment: We can only get rich if the goals are achieved/the product is delivered as promised;
4. High transparency (e.g., disclosing the cost basis of venture capitalists, which is usually hard to find).
It is worth mentioning that Pranav specifically expressed his gratitude to Solana Foundation BD Kuleen in the comments, because the latter forwarded him the currently hottest "MEME coin new generation shill king, MEME coin new prophet, crypto KOL hot shot" —— Murad.
Crypto KOL hot shot Murad: "This is the super cycle of MEME coins"
At the industry event Token 2049 in September, Murad gave a speech titled "The Super Cycle of MEME Coins", vividly depicting the achievements MEME coins have already gained in this cycle and the continued brilliance they will maintain in the future, based on the rich and detailed data he presented and his highly infectious and provocative language, the speech has also become a topic and content of hot discussion in the subsequent crypto market, including retail and institutional investors. (Odaily Planet Daily note: The author has put the specific address of the speech here, interested readers can watch it themselves.)
Murad's speech topic screenshot
It is also worth mentioning that Murad has previously served as Chief Investment Officer of Adaptive Capital (an institution founded by the creator of the Bitcoin NVT valuation model, famous Bitcoin investor Willy Woo, in May 2019), Bitcoin analyst and economist, as well as a Goldman Sachs analyst, and has repeatedly expressed optimistic views on the development of Bitcoin in the past, you can feel the style of this guy's previous statements:
In January 2019, in the long run, Mahmudov is very bullish on Bitcoin, believing that Bitcoin may completely change the global finance. Mahmudov claimed that he would not spend Bitcoin for at least ten years, as the potential upside and asymmetric risk profile of the asset make it absurd to use Bitcoin at the current price.
In September 2019, "If people's trust in government institutions is gradually decreasing, I believe people will gradually seek various alternatives. If inflation, government regulation, geopolitical tensions, commercial banks and negative interest rates cause fiat currency holders to suffer losses, the motivation to buy and hold Bitcoin may become stronger and stronger."
He has also explained more than 50 reasons why Bitcoin price and adoption will explode in due time at an international conference, including:
1. Public trust in banks and traditional institutions is declining. This is probably due to the intensification of political polarization and the 2008 recession, as the public is becoming increasingly distrustful of mainstream media and banks. This potential distrust and turmoil lays the foundation for the implementation of new trustless systems like Bitcoin.
2. Global debt is inflating, and some may need a "Plan B" like Bitcoin or gold.
3. Negative-yielding bonds have hit a record high of $15 trillion. Bitcoin may attract investors who are starting to realize the state of the world economy.
4. Macro investors are turning to Bitcoin. Macro hedge fund managers and investors have already started turning to Bitcoin, which will only highlight its potential. For example, former Goldman Sachs executive Raoul Pal has started turning to Bitcoin, calling it a choice about the financial future, the best asset for millennials, and currently significantly undervalued in the long run.
It can be said that Murad is a true "BTC Maxi", a crypto OG, and now the object he is advocating is no longer the supreme BTC, but the "accessible to everyone" MEME coins.
Here is the English translation:Not only that, he also "walked the talk" by participating in the trading of MEME coins, having bought SPX 4 months ago and made a profit of up to 79 times; recently, he even tweeted bluntly: "Whether you love it or hate it. In this cycle, the performance of MEME tokens will surpass everything. This is just the beginning."
Previously, he also posted that "VCs, retail investors, and TradFi will all buy MEME coins, because the smart ones are doing it," and he also claimed: "The reason for the super cycle of MEME coins is that investing in MEME coins is a matter for everyone, the more enthusiastic people are about investing, the more prosperous these assets will become."
Murad reiterated that the super cycle of MEME coins has arrived
Mechanism Capital Co-founder: "The Top 5 MEME Coins of This Cycle Have Been Unveiled"
On October 5, Mechanism Capital co-founder Andrew Kang posted that "It seems that Murad's speech at Token 2049 catalyzed the next wave of capital to be reallocated to MEME coins. POPCAT appears to be one of the beneficiaries of this capital flow, and is now in the process of price discovery.
The four major MEME coins ready to join this cycle are BONK, WIF, PEPE and FLOKI."
DWF Labs Co-founder: "Institutionalizing Investment in MEME Coins is Our Work Focus"
DWF Labs co-founder Andrei Grachev posted: "The MEME coin market has become a mature and stable part of the industry. It leverages extreme fear and greed, allowing savvy investors and traders to make huge fortunes.
DWF Labs institutionalized investment in MEME coins years ago, and this remains one of our top priorities."
OG KOL Cygaar: "As Long as the Internet Exists, MEME Coins Will Continue to Exist"
Crypto KOL cygaar posted: "The MEME coin trend is inevitable.
Cryptocurrencies are widely adopted by:
-Always online, love internet culture;
-Always looking for ways to make money;
-Want to be part of a tight-knit community;
-Need some belief.
For the new generation of internet consumers, creating, trading and discussing tokenized MEME is a natural evolution.
There is still a lot of work to be done to make MEME coins more transparent and fair, but people are having fun, and some have made a lot of money in the process.
The temptation to get rich by investing in the next viral MEME coin will continue to attract users. This is also why AMC and GME have become such massive phenomena.
As long as people spend a lot of time on the internet, MEME coins will continue to exist and thrive."
Summary: The Price of BTC is About Freedom, the Price of MEME Coins is About Fairness
After the Bitcoin spot ETF was approved, when global asset management giant BlackRock CEO Larry Fink was asked what he thought the future value of Bitcoin would be, he replied: "What is the value of human freedom?" He then went on to say: "I firmly believe that Bitcoin has an indispensable place in investment portfolios, it's like 'digital gold'."
If the price of Bitcoin, the first decentralized cryptocurrency in human history, is about freedom, then the MEME coin projects that are rooted in internet culture and have grown in an atmosphere of various spiritual and cultural symbols are more like symbols "calling for fairness and longing for connection" - low threshold, easy to understand, with a community, enjoy the present, make high-multiple profits, and hope to get rich overnight.
What is attached to MEME coins is not only our desire for money, but perhaps also our expectation of connecting the real world and the network through symbolic image ties, and this is also the reason why MEME coins will continue to exist and thrive.
